Recent Posts in Debt Relief Category

Posted By Law Office of Simon Goldenberg, PLLC || 13-Feb-2018

Student loan borrowers are defaulting at staggering rates. Borrowers are inundated with tv, radio, and internet ads promising debt forgiveness and payment reductions. It can be hard to know where to turn for reliable advice. On February 6 th, 2018, attorneys at the Law Office of Simon Goldenberg PLLC presented a continuing legal education program with Lawline. Broadcast live online and recorded at ...

Posted By Law Office of Simon Goldenberg, PLLC || 21-Sep-2017

Debt can come in many forms. Two of these forms are secured and unsecured debt. Most debts fall into one of these two categories, but the way these debts are handled can be very different. The differences between these debts can help both consumers and businesses decide how to borrow money, prioritize debts for payoff, and work to protect your assets. Secured Debts Secured debts are one major form ...

Posted By Law Office of Simon Goldenberg, PLLC || 1-Aug-2017

When business slows down or unexpected expenses come up, it can be difficult to stay on top of your minimum payments on loans and business cash advances. Unfortunately, the repercussions for missing payments can lead you to default on your financial obligations, potentially prompting your lender to take legal action against you. At the Law Office of Simon Goldenberg PLLC, we are dedicated to ...

Posted By Law Office of Simon Goldenberg, PLLC || 31-May-2017

Are you receiving phone calls, emails, or other communications from debt collectors? Often the persistence of debt collectors can be annoying and stressful, making your life miserable until you can finally make them stop. In fact, certain debt collection practices became so bad that the federal government banned them outright some time ago. However, this hasn’t entirely stopped less-credible ...

Posted By Law Office of Simon Goldenberg, PLLC || 25-May-2017

The one common mistake made by all people with past-due debts is that they spend a lot more than they actually have. Student loans, credit card bills, bank loans or loans from other creditors all add to your debt and, if you’re not careful, they’ll push you further and further into the mess until you’re too lost to find your way out. As harsh as it may sound, it’s true. In ...

Posted By Law Office of Simon Goldenberg, PLLC || 8-May-2017

Many people find themselves being crushed by overwhelming debt. Because people’s wages have rarely matched the rate of inflation, more and more people find themselves needing to take out loans that weren’t necessary 60 years ago. Earlier in the 20 th century, buying a house would only require 2.2 times your yearly income. Now, purchasing a house requires 3.7 times your annual income. ...

Posted By Law Office of Simon Goldenberg, PLLC || 2-Apr-2017

Our attorneys were recently contacted by a debtor in need of assistance with resolving a private student loan debt owed to ReliaMax. With interest, the balance accumulated to over $80,000. The primary borrower and the co-signer were both experiencing financial hardship and were unable to keep up with the the large minimum payments. Consequently, the account ended up in default due to non-payment. ...

Posted By Law Office of Simon Goldenberg, PLLC || 20-Mar-2017

Millions of Americans each year will either struggle to keep their finances positive or fall into debt. Each person who goes into debt will do so for his or her own unique reasons, of course, but many cases are linked directly to credit cards and other forms of credit lines. What is it about credit cards that can lead so many people into difficult financial situations, or even bankruptcy ? Our ...

Posted By Law Office of Simon Goldenberg, PLLC || 14-Mar-2017

Nearly every day, our office receives phone calls from business owners that are desperately looking for a solution to their small-business debts. Whether it be an MCA debt (Merchant Cash Advance), a business loan, a line-of-credit, or even a commercial credit card, it can be tough to know where to turn when you can no longer afford to make the minimum payments. It’s no wonder that some ...

Posted By Law Office of Simon Goldenberg, PLLC || 6-Mar-2017

Get Out Of Gambling Debt & Casino Markers The top reasons for filing for bankruptcy are insurmountable medical bills and student loan debt. However, bankruptcy can be used to discharge, reduce, or otherwise manage all forms of debt, including gambling debt. Oftentimes, these debts are borrowed from credit cards at high interest rate cash advance, or through the casino using a marker. People ...

Posted By Law Office of Simon Goldenberg, PLLC || 21-Feb-2017

Debt usually refers to money owed by one party, the debtor or borrower, to another party, the lender or creditor. However, there is a big difference between consumer debt and business debt, especially with how the debts are collected when they are in default status. Consumer Debt A debt is considered a "consumer debt" if it was primarily accrued for personal, family, or household ...

Posted By Law Office of Simon Goldenberg, PLLC || 10-Feb-2017

New York, New York: On February 6 th, 2017, Attorney Simon Goldenberg presented, Defending a Consumer Debt Case, a Continuing Legal Education program with Lawline. Broadcast live online and recorded at Lawline’s Studio in lower Manhattan, the program offered viewers strategies on defending debt collection lawsuits. It is now available for on-demand viewing at Lawline.com. Defending A ...

Posted By Law Office of Simon Goldenberg, PLLC || 6-Feb-2017

Running a business can be tough, particularly if you’re a small business competing against corporations. Though people take on debt in order to get their businesses off the ground, one of the simplest ways to encounter financial trouble as a business owner is to take on too much debt. Loans and merchant cash advances ( MCA debt ) can be especially problematic during a stagnant economy. Here ...

Posted By Law Office of Simon Goldenberg, PLLC || 16-Jan-2017

Buying into a timeshare can seem like a sensible and affordable way to vacation with friends and family. But what happens if your finances tighten and your timeshare costs are no longer within your budget? With a contractual obligation to pay for the shared property, cancelling a timeshare agreement is not as simple as making a few phone calls. Once the salesperson succeeds in convincing a buyer ...

Posted By Law Office of Simon Goldenberg, PLLC || 9-Jan-2017

As we step into a new year, many of us are hoping to improve our financial health and possibly get out of debt. If you are one of these individuals looking to find debt relief or build your wealth this year, then the Law Offices of Simon Goldenberg, PLLC is here to help! Below, we outline some ways in which you can cut costs, save money, and pay off debts faster in 2017. We wish you the best in ...

Posted By Law Office of Simon Goldenberg, PLLC || 22-Dec-2016

Everyone makes New Year’s resolutions to themselves each year but not many people can actually boast that they accomplished them. This year should be the year that is different. If you are in debt, make finding debt relief your New Year’s resolution and stick to it! With the right preparation, knowledge, and mindset, you can make it happen. When you are pursuing debt relief, keep these ...

Posted By Law Office of Simon Goldenberg, PLLC || 15-Dec-2016

The holiday season represents a unique time of year where you are expected to spend more than you would on yourself and others than normal. In fact, many Americans actually plan to spend so much that they accrue debt that will take several months to pay off. This could arguably be giving too much. For your own benefit, it is probably best that you don’t rack up a holiday debt and keep in ...

Posted By Law Office of Simon Goldenberg, PLLC || 7-Oct-2016

Is there a Statute of Limitations for Student Loans? There is much confusion regarding the applicability of the statute of limitations on bringing lawsuits to collect on defaulted student loans. Part of this confusion can be attributed to changes in federal laws that eliminated the statute of limitations on federal student loans. As such, in order to determine if an SOL applies, it’s ...

Posted By Law Office of Simon Goldenberg, PLLC || 3-Oct-2016

For the third consecutive year, Super Lawyers has selected Simon Goldenberg, Esq. to the New York Rising Stars list. Each year, no more than 2.5 percent of the lawyers in the state are selected by the research team at Super Lawyers to receive this honor. This award was conferred upon Mr. Goldenberg for his continuous achievements in the realm of consumer law and debt relief. The Law Office of ...

Posted By Law Office of Simon Goldenberg, PLLC || 12-Sep-2016

Have you been sued for a student loan? It's normal to have serious questions when facing legal action. Most borrowers and co-signers will want to minimize the impact of the lawsuit and avoid having a judgment entered against them. You might be wondering: Why am I being sued? Do I really owe them the amount they claim? How do I fight the lawsuit? What are my defenses? Can I settle the lawsuit ...

Posted By Law Office of Simon Goldenberg, PLLC || 25-Aug-2016

Pursuant to the IRS, a debt exists if you borrow money and are obligated to pay back a determinable amount in the future. There are situations where debts are deemed cancelled for tax purposes, however, it should not be assumed that a 1099-C results in the borrower being relieved of their obligation to repay. What to do if you receive a 1099-C Don't panic! Provide the form to your certified ...

Posted By Law Office of Simon Goldenberg, PLLC || 15-Aug-2016

It’s no secret that to operate a small business, the owner needs access to money. Whether the business is a startup, in growth-mode, or is experiencing seasonal fluctuations, lack of capital can be a recipe for disaster. Business owners might seek financing through bank loans, SBA loans, lines-of-credit, credit cards, or even by taking a Merchant Cash Advance. Falling behind on business ...

Posted By Law Office of Simon Goldenberg, PLLC || 8-Aug-2016

Are you seeking relief from surprise medical bills or emergency services? According to a study by NerdWallet, over 56 million Americans under the age of 65 will have trouble paying healthcare related bills, with medical debts being the biggest cause for filing for bankruptcy. Dealing with medical bills can be a daunting task, especially if they’re unexpected. Even if you are covered under ...

Posted By Law Office of Simon Goldenberg, PLLC || 1-Aug-2016

If you have filed for bankruptcy, there are various reasons why you may want to pursue the cancellation or dismissal of your case. Financial situations change and what may have been in your best interest at one time may no longer be the optimal route forward. Maybe you have unexpectedly inherited money, secured a new job, or were able to avoid a home foreclosure through alternative means. ...

Posted By Law Office of Simon Goldenberg, PLLC || 22-Jul-2016

Since most people have credit cards, it’s critical to understand interest rates, and how the compounding of interest can cause your balance to grow at an alarming rate. Managing your interest rate could be the key to reducing credit card debts. If you make your monthly payments on time, your account might already qualify for a lower interest rate. Our attorneys suggest making a phone call to ...

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